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Boston Taxis- What Are They Worth?.
including a decisive role within the American Revolution.
who is making the revenue? The answer lies partially with who make money from individuals who seek to drive their way to the American dream.
000. That’s what these folks call a medallion.
To Boston taxi drivers — many of them immigrants who average seventy-two hours a week taking somebody else’s taxi to earn maybe $550 — the medallions are like wealth, keys to better lives for themselves and their their families. Subsequently, the medallions that cost $50 in 1935 now sell for significantly more, making them the 2nd most expensive in the united states after New York City’s. Since the value continues rising, the cabbies keep driving and driving and trying to continue.
coupled with the bad economic situation plus the climbing gas prices. It is no wonder that Boston taxis are overpriced.